Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Lax U.S. rules and real estate industry’s no-questions-asked approach make it easy for dodgy characters to funnel wealth through high-end Manhattan apartments. One day during Chen Shui-bian’s second term as Taiwan’s president, several people lugged what a witness described as “five or six” fruit boxes into the presidential residence in Taipei. Inside the crates, the…
In a country beset by increasing wealth and income inequality, few places are more economically disparate than New York City. Part of what drives income inequality in New York is that it’s an extremely attractive place for the global elite to live, or in many cases to park their vast fortunes. On Sunday, The New…
One57, on West 57th Street, where a penthouse is reportedly in contract for $90 million. (Photo: Rendering Courtesy of Extell Development) Additional reporting by Michael Hudson of the International Consortium of Investigative Journalists. PART I. THE BUYER The buyer, an Italian, was in town for a week, with a million or so dollars to spend….
close shareTools BEIJING — China’s annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth. The risk of deflation is rising for the world’s second-largest economy as a property market downturn and widespread factory…
The last homicide to occur, on February 1. (David Torres) As the headline says: New York City has not been the setting for one single murder for an entire week. Congratulations #NYPD – 0 Murders in NYC for week ending Feb 8th!! Keeping NYC Safe! @CommissBratton — Roy T Richter (@rtrichter) February 9, 2015…
Would making all of this taller actually solve the affordability problem? (By Flickr user @sage_solar, via Creative Commons Attribution license) In San Francisco, pretty much everyone agrees on one thing: The city’s housing is crazy expensive. Apartment-hunting causes its own form of PTSD. The rent, to put it simply, is too damn high. But even…
Start Component ID: 4471 – Article Page: Video Player Main Asset End Component ID: 4471 – Article Page: Video Player Main Asset Start Component ID: 146 – Article Page: Image Gallery Begin Photos Enlarge Photo Conner Jay Sonja Trauss, the founder of San Francisco Bay Area Renters Federation, holds up a pro-development sign at 75…
41 W. 24th St. View Full Caption FLATIRON — “Affordable luxury” three-bedroom apartments are hitting the market in Flatiron, offering balconies, heated bathroom floors and granite countertops for $4,500 a month. Ten three-bedroom units will soon be available in the eight-story building at 21 W. 24th St., two blocks from Madison Square Park, in what…
The city could get up to 8 inches of snow by Monday night, forecasters said. View Full Caption DNAinfo/Camille Bautista MIDTOWN — Snow could fall for 48 hours straight this weekend, forecasters said. The storm is expected to begin late Saturday and continue all the way through Monday evening, dumping up to 8 inches, the…
The East River Ferry, one of the city’s water transportation options. View Full Caption Flickr/Sean Davis ROCKAWAY BEACH — Mayor Bill de Blasio announced expanded ferry service across the five boroughs in his State of the City address Tuesday, saying the rides will improve transportation as the city continues to grow. The new ferry routes…